Boosting Foreign Investment: India Takes Bold Step Toward Advancing Space Industry
India has updated official rules in the space sector to attract global investors and companies, after opening it up to private players four years ago.
The new foreign direct investment (FDI) policy raises limits on foreign investment, potentially spurring renewed interest in the South Asian space community.
Private and public actors in India have been taking measures to increase participation in the country’s space sector.
India has around 190 space tech startups, offering solutions including launch vehicles, space situational awareness and hyperspectral imagery.
Investments in Indian space startups reached over $124 million last year, per government data.
